India’s SpiceJet to Acquire 205 Boeing Aircraft

India’s Gurgaon-based budget airline SpiceJet has signed an agreement with Boeing to purchase 100 new Boeing 737 MAX 8s, 42 MAXs, 13 additional 737 MAXs as well as purchase rights for 50 additional planes.

India (as well as other countries in Asia), is an important market for aviation with analysts expecting passenger numbers to more than triple over the next 20 years as millions more people become wealthy enough to fly for the first time, reports Channel NewsAsia.

Interior of a SpiceJet carrier

The new aircraft will increase the range of SpiceJet’s flights by up to one hour, opening up many more destinations, including international ones, Ajay Singh, SpiceJet’s chairman, told reporters. Most Indian carriers have returned to profitability in recent years, due to lower fuel costs, but challenges remain in translating the surging demand into sustainable profits because of the competitive market and high running costs.

 

January 18, 2017   No Comments

India is Facebook’s Fastest Growing Market

“We are growing faster in India compared to the average of the rest of the world. Our primary focus right now is for the next billion people to come online and India is obviously a huge part of that,” said Adam Mosseri, vice president, product management at Facebook’s new office in Gurgaon, India.

In terms of daily active users, Facebook in India grew 22% year-on-year compared with 17% globally, including its home market.  Mint reports that in a slowing U.S. ad market, Facebook is looking for the next frontier of growth. And nothing looks as good as India’s under-penetrated market, in terms of users, advertising and Internet access.

Adam Mosseri

Adam Mosseri

Mosseri added, “There is a lot more work to do to ensure the product does well, there’s performance, language or the size of the app or offering video. There’s so much potential and so much work to do I worry about our ability to do enough of it fast enough.”

When India’s Prime Minister, Narendra Modi visited California last year, a special Town Hall meeting was organized by Facebook CEO Mark Zuckerberg and played live to users worldwide. Earlier, Facebook also bought What’s App, a company whose mobile application is wildly popular in India.

 

November 8, 2016   No Comments

Boston Scientific to Make India its Biggest R&D Hub

Marlborough MA-based  medical devices maker Boston Scientific Corp., plans to make India its biggest research and development location  outside the U.S. where it will develop devices such as stents, catheters and pacemakers at its Gurgaon facility for the Asia Pacific, Middle East and African markets, and roll them out by 2017.

“As one of seven strategic global R&D sites for Boston Scientific, the R&D center in India has the potential to be the largest outside of the U.S.,” said Prabal Chakraborty, vice president and managing director at Boston Scientific Company India Pvt.Ltd, the Indian unit of Boston Scientific.

SYNERGY Stent

SYNERGY Stent

The company  is seeking to expand its market share and increase sales through geographic expansion, especially in high-growth emerging markets such as India, with rising coronary angioplasties, reports the Live Mint.

“The R&D center will focus on developing products to meet the clinical needs in high-burden diseases specific to emerging markets in the Asia Pacific, Middle East and Africa regions, and to serve as a global product engineering site,” Chakraborty said.

 

June 20, 2016   No Comments

Stryker Banks on India R&D to Accelerate Sales in Emerging Markets

Michigan-based medical device manufacturing company Stryker is increasingly relying on its research center based in Gurgaon near New Delhi for new products as it puts into motion an aggressive strategy to accelerate sales from emerging markets such as India and China, reports the Economic Times.

The company’s no frills power tool was conceptualized, designed and developed by the center, which employs 200 engineers and technologists. This tool is used for cutting, drilling and shaping bones during joint replacement and trauma procedures.

Stryker said the product, branded System G, is expected to be commercialized soon and that it will be positioned in the mid-tier segment of the market.

“Growth in emerging markets will be of strategic priority and India offers the most exciting opportunity among the BRIC nations,” Stryker chairman and CEO Kevin Lobo told the news publisher on his recent visit to India.

Kevin Lobo

Kevin Lobo

70% of Stryker’s global sales comes from the U.S. and Europe, and the company aims to increase the share of other emerging markets to its global sales from 8% at present to 12-14% over the next five years.

It will strive to drive sales of cutting-edge technology-based devices such as Mako, a robotic surgery device used for knee and hip replacement, in India. Its strategy includes plugging the gaps between the high-end, high-priced orthopedic products and the bottom end that is fed mostly by local device makers.

April 11, 2016   No Comments

Coca Cola Launches Flavored Milk in India

Coca Cola has expanded its beverage portfolio in India by the introduction of a milk-based flavored drink, VIO.

The drink has been developed specifically for the Indian palate at Coca-Cola India’s R&D center in Gurgaon with input from the R&D centers in Atlanta and Shanghai. Made from milk sourced from local dairy farmers, VIO has been formulated with a blend of saffron, pistachio and almond flavors in the ‘Kesar Treat and ‘Almond Delight’ variants. The product contains no preservatives and will be made available in 200 ml aseptic packaging reports Consumer Goods Technology.

VIO Flavored Milk

The company’s entry into dairy is its next growth prospect after sparkling water and juices. Its portfolio currently includes Maaza and Minute Maid juice drinks, Kinley packaged water, Schweppes tonics and mixers.

March 14, 2016   No Comments